Insider Buying: Perpetua Resources Corp. (NASDAQ:PPTA) Director Purchases $49,476.80 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Richie Darrin Haddock bought 5,780 shares of Perpetua Resources stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $8.56 per share, with a total value of $49,476.80. Following the purchase, the director now directly owns 5,780 shares in the company, valued at $49,476.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Perpetua Resources Stock Performance

NASDAQ PPTA opened at $8.58 on Friday. The stock has a 50-day simple moving average of $11.09 and a two-hundred day simple moving average of $10.15. The firm has a market capitalization of $603.53 million, a P/E ratio of -39.00 and a beta of 0.20. Perpetua Resources Corp. has a fifty-two week low of $2.87 and a fifty-two week high of $13.23.

Analyst Ratings Changes

A number of brokerages recently issued reports on PPTA. Roth Mkm raised their target price on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. HC Wainwright raised their target price on Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Perpetua Resources

A number of institutional investors have recently modified their holdings of the stock. Sprott Inc. raised its stake in shares of Perpetua Resources by 5.3% during the 4th quarter. Sprott Inc. now owns 2,938,871 shares of the company’s stock valued at $31,358,000 after buying an additional 148,273 shares during the last quarter. Fourth Sail Capital LP purchased a new position in shares of Perpetua Resources during the 3rd quarter valued at about $10,405,000. Condire Management LP raised its stake in shares of Perpetua Resources by 6.9% during the 4th quarter. Condire Management LP now owns 890,459 shares of the company’s stock valued at $9,501,000 after buying an additional 57,399 shares during the last quarter. Amundi purchased a new position in shares of Perpetua Resources during the 4th quarter valued at about $7,788,000. Finally, State Street Corp raised its stake in shares of Perpetua Resources by 8.8% during the 3rd quarter. State Street Corp now owns 593,502 shares of the company’s stock valued at $5,549,000 after buying an additional 48,220 shares during the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Company Profile

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.